State aid is a European Commission (EC) term which refers to forms of public assistance, given to undertakings on a discretionary basis, which has the potential to distort competition and affect trade between Member States of the European Union.
The State aid rules are set by the EC and comprise various articles of the Treaty on the Functioning of the European Union (TFEU), Regulations, Frameworks and Guidelines - which set out what aid can be given and under which circumstances. The EC governs Member States' compliance with these rules and many aid measures must be notified to the Commission for approval.
**Awards €500k? State Aid Transparency requirements from 1 July 2016 - information available under the "If it is State Aid" section now!!!**